Robert Kiyosaki's "Conspiracy of the Rich"

Well I have to say everyone needs to read this if you don't understand the Relationship between the Federal Reserve, the Treasury, The Government, and the Rich that run the world.

I received the book in the mail yesterday from Borders (which by the way I ordered from my blastoff site that I blogged about on here a few days ago - Why did I do that? Because I got 3% cash back, plus an exclusive 20% off coupon code to use at borders!! - they have 400+ major retailers offering deals like this through the blastoff network! Get your free blastoff membership today and order the book for you or someone you love & start saving money for the holiday season!)

Back to the book.... I just wanted to say I started reading the book last night and could not put it down. I finished it this afternoon after a little exercise, breakfast, and answered some of my clients and prospects emails.

- Although I knew about a lot of the topics in this newly released book by Robert, but there is a lot that is very eye opening and some concerns I wasn't aware of. After talking about the book today with a few agents and escrow offices at a title company halloween party I didn't realize the following was so true: A majority of people do not know that the Federal Reserve Bank is NOT a government institution or a bank, nor does it have any reserves!

- Are you aware that most of the staff in the current administration are tied to past law changes and movements that caused a majority of the financial crisis we are in today? Yet those people were put in charge to fix the mess? No this Book isn't a Bush or Obama bashing book, just a book about the truths, timelines of the Failure of our economy and more.

There is a lot of eye opening material and a lot of Positive material that helps you realize your full potential and how you need to think outside of the "money box". The book talks about the 8 New Rules of Money - and it is definitely true.

I enjoyed the book very much and think most of you will too.

If any of you have already flipped open this book - What is your input? Any creative ideas on the topics about what needs to be done to fix our Failing Economy instead of the Band Aide fixes that will only make the wound worse over time?

Great blog. Reinstating many of the regulations that were changed would probably be a good start. It seems that excessive compensation packages for upper management irregardless of performance is driving a number of companies to the brink of bankruptcy. I hope that I can get around to reading this book soon.

You are Correct! "Reinstating many of the regulations that were changed would probably be a good start."

To quote a part of the book from the first chapter - you will see that your point is right on target

Part of Robert Kiyosaki's Book - Conspiracy of the Rich - From page 20

"During the election, why did Obama consult Robert Rubin, who just recently resigned as head of Citigroup, a company on the verge of its own collapse and that has received some $45 billion in bailout funds, for advice on the economy? Why did he appoint Larry Summers to be director of the White House National Economic Council and Timothy Geithner, former head of the Federal Reserve Bank of New York, to be his secretary of the treasury? All of these men were members of the Clinton economic team and played a part in the repeal of the Glass-Steagall Act of 1933, an act that forbade banks from selling investments. Banks selling investments in the form of derivatives is a big reason why we are in this mess today.

In overly simple terms, the purpose of the Glass-Steagall Act of 1933, crafted during the last depression, was to separate savings banks, which had access to Federal Reserve funds, from investment banks, which did not. Clinton, Rubin, Summers, and geithner succeeded in repealing Glass Steagall in order to legitimize the formation of Citigroup, the biggest "Financial super-market" in U.S. history. Many people do not know this, but at the time of its formation, Citigroup was in violation of the Glass-Steagall Act."

There is some powerful info in this book, but it really makes everything "Make Sense" and that we are not as protected as we all think.. Basically Citicorp had done something that was Illegal, but it was too powerful for anyone to be able to do anything about it! Now that is scary!!!

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